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Updated December 11, 2018 7:53 AM PT

Chase Sapphire Preferred vs Capital One Venture

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Which travel credit card is better for you? Read this in-depth comparison of Chase Sapphire Preferred and Capital One Venture, two popular travel rewards cards.

Now that Capital One Venture introduced transfer partners, it's even more competitive with the Chase Sapphire Preferred. So which one is best for you?

 

Chase Sapphire Preferred

Capital One Venture

Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards® - Learn more

Earn a one-time bonus of 50,000 miles if you spend $3,000 on purchases within three months of account opening (worth $500 in travel).

 

Interest Rates and Fees

Purchase APR17.99% to 24.99% Variable based on your creditworthiness and other factors14.74% to 24.74% (Variable) based on your creditworthiness and other factors
Balance Transfers APR17.99% to 24.99% Variable based on your creditworthiness and other factors14.74% to 24.74% (Variable) based on your creditworthiness and other factors
Balance Transfer FeeEither $5 or 5% of the amount of each transfer, whichever is greater. No balance transfer fee
Annual Fee$0 Intro Annual Fee for the First Year, then $95$0 intro annual fee for first year; $95 after that
 

Benefits and Features

TravelTravel Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide.
1:1 point transfer to leading airline and hotel loyalty programs
Travel Rewards: Earn 2x miles per dollar on all purchases. Redeem your miles for travel purchases on any airline, hotel, or car rental.
Airline Transfer PartnersAirline Transfer Partners: Chase airline transfer partners include United Airlines, Southwest Airlines, JetBlue, British Airways, Air France, Singapore Airlines, Virgin Atlantic, Iberia, and Aer Lingus.Airline Transfer Partners: Capital One transfer partners include Aeromexico, Air Canada, Air France/KLM, Alitalia, Avianca, Cathay Pacific, Emirates, Etihad, EVA, Finnair, Hainan, Qantas, Qatar, and Singapore Airlines.
 Apply NowLearn More

Capital One Venture: Pricing information including interest rates, rewards, benefits and fees was obtained on June 28, 2018 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Capital One® Venture® Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Both cards give you points for purchases. The Chase Sapphire Preferred gives you 2x points on travel and dining; the Capital One Venture gives you 2x miles on everything. Both will serve well as your everyday card, allowing you to quickly rack up rewards to score a hotel stay or flight ticket.

With both cards offering transfer partners and a generous sign-up up bonus, the competition is fierce.

The better card for you depends on your spending, travel habits, and what you value. Read on and we'll break it down for you.

Overview: Chase Sapphire Preferred and Capital One Venture

Before we get into the meat of the comparisons, let's do a quick rundown of how the cards work:

  • The Chase Sapphire Preferred lets you earn 2x points on travel and dining and 1x on all other purchases. Points can be redeemed to book travel on the Chase Ultimate Rewards travel portal at a 20% discount, or be transferred 1:1 to Chase Sapphire Preferred transfer partners such as United, Southwest, Hyatt, and more.

  • The Capital One Venture lets you earn 2x miles on every purchase. Miles can be redeemed as statement credit when you apply them to travel-related purchases within the past 90 days, at the rate of 1 point = 1 cent (1,000 points = $10). Or miles can transferred to partners such as Air Canada and Air France, though not at 1:1 ratio.

And here's how they compare at a glance:

Best bonus

Chase Sapphire Preferred wins in this category. Their 50,000 bonus points is worth $625 in travel when you book through Ultimate Rewards, whereas Capital One Venture's 50,000 bonus miles is worth $500 in travel.

But you only need to spend $3,000 on purchases within the first 3 months to score the bonus points with Capital One Venture. In comparison, you'll need to spend $4,000 on purchases within the first 3 months to earn the bonus points with Chase Sapphire Preferred.

Best Rewards

This round goes to Capital One Venture. It offers 2x points on ALL purchases, whereas the Sapphire Preferred only gives you 2x points for travel and dining. You will be able to rack up points faster with the Venture.

Best Transfer Partners

In our opinion, Chase has a stronger lineup, despite a smaller number of airline partners. Chase partners with big domestic airlines such as United, Southwest, and JetBlue. It also has hotel partners, like Hyatt, which offers tremendous value.

As of now, Capital One doesn't have any domestic partners. So it may be better for those who travel internationally and can make use of the airlines.

And plus, all of Chase's partners transfer at a 1:1 ratio, whereas Capital One does not.

Best benefits

Both cards come with handy travel benefits such as trip cancellation, travel accident, and baggage loss/delay insurance.

Capital One Venture shines in that it offers Global Entry application fee reimbursement ($100 value). This perk is usually only offered on luxury travel rewards cards.

On the other hand, Chase Sapphire Preferred offers primary car rental collision damage waiver. This is great for those who often rent cars on their trips.

Now that you understand a bit about how the two cards work, let's take a more in-depth look at the similarities, differences, and why you may like one over the other.

Why Either Card Is a Good Choice

Both cards are specifically designed to earn travel rewards that will ultimately save you money, making either one a great choice as a primary card.

With either Chase Sapphire Preferred or Capital One Venture, you get:

    Chase Sapphire Preferred
    Apply for Chase Sapphire Preferred Card
  • A handsome sign-up bonus: With Chase Sapphire Preferred, you get 50,000 bonus points if you spend $4,000 in the first three months of account opening. That converts into $625 worth of travel when redeemed through the Chase Ultimate Rewards® online portal.

    With Capital One Venture, you'll have to spend only $3,000 in the first three months to get the bonus, but you'll earn less. You get 50,000 bonus miles, which equals $500 in travel.

    Tip: You need excellent credit to be approved for either card. Another item to note is that Chase has a 5/24 rule: if you've opened 5 credit card accounts within the past 24 months, your Chase credit card application will have a hard time going through.

  • No foreign transaction fees: No one likes to pay for those pesky foreign transaction fees (usually 3% of the cost of each purchase). Luckily, you won't have to worry about that with either of these cards, as each boasts $0 foreign transaction fees.

  • Annual fee waived the 1st year: Both cards have a $95 annual fee that's waived for the first year. So you can try out either one for a year without having to pay the fee.

  • Unlimited rewards points with no expiration: There's no cap to how many points you can earn. And your points never expire as long as your account is active and in good standing.

Why Chase Sapphire Preferred Is Superior

Both cards give you rewards for traveling. But we think the huge edge Chase Sapphire Preferred has is its more valuable transfer partners.

Tip: If you also hold a Chase Freedom card (which has 5% bonus categories), any points you earn with it can be pooled with your Chase Sapphire Preferred points, and then all those points can be used for travel rewards.

We'll go over it in more detail below, as well as more reasons you may prefer Chase Sapphire Preferred:

  • 20% discount when booking travel with points using Chase's travel portal: You get a 20% discount when you book using points through the Ultimate Rewards® portal, making each point worth 1.25 cents. For example, redeeming 50,000 points for travel on Chase Ultimate Rewards nets you $625 in value. With Capital One Venture, 50,000 points will only net you $500, as you will always get only 1 cent per mile.

    Tip: At first glance, Chase Sapphire Preferred seems like the way better deal in terms of what the points are worth. But keep in mind that you can earn points faster with Capital One Venture, as you get 2x on everything. We explain it more later with examples.

  • Stronger lineup of travel partners: This is by far Chase Sapphire Preferred's most valuable feature. Chase's transfer partners include both airlines and hotels. You can transfer points 1:1 to all the partners. The transfer partners include:

    • Southwest Airlines Rapid Rewards®
    • United MileagePlus®
    • JetBlue TrueBlue
    • British Airways Executive Club
    • Flying Blue Air France KLM
    • Singapore Airlines KrisFlyer
    • Virgin Atlantic Flying Club
    • Marriott Rewards®
    • World of Hyatt
    • IHG® Rewards Club
    • The Ritz-Carlton Rewards®

    This is a very solid lineup of partners that include large domestic and international airlines across all 3 alliances. This is great for those who travel both within the U.S. and abroad. The budget airline partners - Southwest and JetBlue - are great options for those who don't want to mess with redemption charts.

    If transferred smartly, you can get insane value out of every point. For example, those 50,000 bonus points can either be worth $625, or they can be transferred to British Airways for 2 round-trip award flights from Los Angeles to Honolulu, Hawaii. This is amazing value as one round-trip fare alone could be $700.

    Read: Do's and Don'ts of Chase Sapphire Transfer Partners - we do a rundown of each transfer partner and how best (or not!) to use your points.

Why You May Prefer Capital One Venture

Capital One Venture is leveling the playing field with its recent introduction of airline partners. Here are some reasons you might prefer the Capital One Venture Card over Chase Sapphire Preferred:

  • Earn points faster: Every dollar you spend gives you 2x points. If you use this card a lot, your travel rewards points will add up faster than they would with the Chase Sapphire Preferred.

  • Straightforward redemption: Capital One Venture offers an easy redemption option. Just use the "Purchase Eraser" to receive a statement credit for your travel-related purchase (within 90 days from date of purchase). This means you can book travel on any site you want without having to worry about black-out dates. This is better for those who value more flexibility.

    Another advantage is that you can redeem your rewards for train travel, car rentals, etc., so you're not limited to only air and hotel travel. So even if you're more of a backyard traveler, you can still find ways to use your miles.

    Did You Know: You can also use your miles to book travel on Capital One's Reward Center. The rate is the same at 1 mile = 1 cent ($200 worth of travel will cost you 20,000 miles).

  • Transfer to airline partners: In our opinion, Capital One's transfer partners are not as practical, but maybe one (or a few) of them work great for you. A downside, though, is that your miles only transfer at a ratio of 2:1.5 (unless specified otherwise below). The partners are:

    • Aeromexico Club Premier
    • Air Canada Aeroplan
    • Air France/KLM Flying Blue
    • Alitalia MilleMiglia
    • Avianca LifeMiles
    • Cathay Pacific Asia Miles
    • Emirates Skywards (2:1)
    • Etihad Gues
    • EVA Infinity MileageLands
    • Finnair Plus
    • Hainan Fortune Wings
    • Qantas Frequent Flyer
    • Qatar Airways Privilege Club
    • Singapore KrisFlyer (2:1)

  • Potentially lower APR: If you're not the type to pay your balance off each month and have excellent credit, the Capital One Venture's APR range of 14.74% - 24.74% (Variable) is potentially lower than the Chase Sapphire Preferred's 17.99% - 24.99% Variable. Of course, your interest rate is dependent on your creditworthiness.

    But if you pay off your balance in full each month, then you're better off focusing on the rewards than the interest rate.

  • Up to $100 credit for Global Entry or TSA Pre application. Every 4 years, you get up to $100 credit when you use your Venture card to pay for a Global Entry or TSA Pre application. Global Entry expedites customs, while TSA Pre expedites security screening. These are nice perks for frequent travelers to save on hassle. Chase Sapphire Preferred doesn't offer this benefit.

Downsides of Chase Sapphire Preferred

If the benefits of each haven't persuaded you to go with one card over another, then you'll want to focus on the cons of each card.

Consider whether any of these downers is a deal breaker for getting the Chase Sapphire Preferred:

  • Most purchases will earn you only 1x points per dollar: If you're making this your go-to card, you'll be missing out on your earnings potential since it provides 2X points only on dining and travel.

  • Travel redemption is limited only to flights/hotels: Mostly, you can only redeem for flights or hotels. (There are options to redeem for gift cards, experiences, Amazon purchases, etc. but those don't present the best value.) Whereas with the Venture, you can redeem points for trains, Airbnbs, car rentals, etc. So you can use your rewards even if you don't want to fly or stay in a hotel.

  • High APR: You'll need excellent credit to get the card, but you won't get a low interest rate.

Downsides of Capital One Venture

With Capital One Venture, these cons may sway you to sign up for the Chase card instead:

  • No domestic transfer partners: Capital One's airline partners may not be useful to everyone. There are no domestic partners. You can still book award flights on U.S. airlines by using the alliance partners, but some people may find that to be too much hassle.

  • Not 1:1 transfer rate: Most of the Venture's partners transfer at 2:1.5 (and a couple at 2:1). This mean you're losing a little bit of value when you transfer. But this isn't to say that you can't still find good redemption rates on award travel.

  • Less cash rewards: You can only redeem your "miles" at full value for travel. You are able to redeem your miles for cashback (in the form of an account credit), but the redemption value is much lower. You'd only get 0.5 cents per mile (10,000 miles = $50). With the Chase Sapphire Preferred, if you want cashback instead, you'd be able to redeem it at the standard rate of 1 cent per point.

    Tip: If you're not sure how much you'd be traveling and want the option of full cash back, look at other cards instead.

Comparing the Rewards Structure

If you're still not sure, there's one last really important thing to look at: your spending habits.

The Chase Sapphire Preferred gives you 2x points on only travel and dining (and 1x on everything else), while Capital One Venture gives you 2x on all purchases. So which is better?

Let's look at a couple of sample spending scenarios:

Let's say you spend $1,000 a month, with about $400 of it going towards travel and dining.

  • With Chase Sapphire Preferred, you'd earn 1,400 points a month (400 x 2 + 600 x 1), which comes out to be 16,800 points a year. This equals $210 for travel on Chase's travel portal (at 20% discount).

  • With Capital One Venture, you'd earn 2,000 points a month (2x on everything), which equals 24,000 points a year. This equals $240 back in statement credit when applied to travel purchases. Your rewards are higher with Capital One Venture for straight travel rewards.

Now, let's say you spend $1,000 a month, but $600 of it is towards travel and dining.

  • With Chase Sapphire Preferred, you'd earn 1,600 a month. Or 19,200 a year. This equals $240 toward travel on Chase's travel portal.

  • With Capital One Venture, the math doesn't change here. You'd still get $240.

In the 2nd spending scenario, you see that you get the exact same reward with either card. (Technically, you can argue that you get more with Chase Sapphire Preferred because its transfer ratio is 1:1, but we're keeping it simple here.)

So this means that you only get more rewards out of Chase Sapphire Preferred if you spend over 60% on travel and dining. That's quite a high percentage. Take a look at your spending habits over the last several months and see if that applies. There's a reason why the Chase Sapphire Preferred is often thought of as a card for serious travelers.

Did you know: Chase Sapphire Preferred has a wide definition of what counts as travel. Here's a list:

  • airlines
  • hotels and motels
  • timeshares
  • campgrounds
  • car rentals
  • cruise lines
  • travel agencies and discount travel sites
  • trains, buses, limos, and ferries
  • tolls, bridges, and highways
  • parking lots and garages

Bottom Line

So, should you get the Chase Sapphire Preferred or Capital One Venture?

Here's the good news - either card will benefit you if you're a regular traveler.

In our opinion, Chase Sapphire Preferred has more valuable transfer partners. It offers both airline and hotel partners and they all transfer at a 1:1 ratio. The partners are more useful to both domestic and international, budget and luxury travelers.

On the other hand, the Capital One Venture offers great flexibility. With 2x miles on your purchases, you'll be racking up points fast, and can redeem for any travel purchase. And you also have the option of transferring to travel partners if you wish.

Ultimately, it all comes down to what you value more. While it may seem like the Venture has more pro points, you may value Chase's selection of transfer partners more. If you value simple redemption and don't want to bother with transferring points, then you may prefer the Venture.

 

Chase Sapphire Preferred

Capital One Venture

Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards® - Learn more

Earn a one-time bonus of 50,000 miles if you spend $3,000 on purchases within three months of account opening (worth $500 in travel).

Annual Fee$0 Intro Annual Fee for the First Year, then $95$0 intro annual fee for first year; $95 after that
TravelTravel Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide.
1:1 point transfer to leading airline and hotel loyalty programs
Travel Rewards: Earn 2x miles per dollar on all purchases. Redeem your miles for travel purchases on any airline, hotel, or car rental.
Airline Transfer PartnersAirline Transfer Partners: Chase airline transfer partners include United Airlines, Southwest Airlines, JetBlue, British Airways, Air France, Singapore Airlines, Virgin Atlantic, Iberia, and Aer Lingus.Airline Transfer Partners: Capital One transfer partners include Aeromexico, Air Canada, Air France/KLM, Alitalia, Avianca, Cathay Pacific, Emirates, Etihad, EVA, Finnair, Hainan, Qantas, Qatar, and Singapore Airlines.
 Apply NowLearn More

Capital One Venture: Pricing information including interest rates, rewards, benefits and fees was obtained on June 28, 2018 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Capital One® Venture® Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Cynthia Cohen is a retail analyst at CreditDonkey, a credit card comparison and reviews website. Write to Cynthia Cohen at cynthia@creditdonkey.com

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Capital One® Venture® Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Chase Sapphire Preferred Card
Apply for Chase Sapphire Preferred Card
At Chase's Secure Site
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
17.99% - 24.99% Variable
$0 Intro for the First Year, then $95

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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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